The Economics of Carbon Offsets

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The current regulatory focus on additionality tends to paint all these problems with a broad brush without proper consideration of the context or their implications.

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Year of publication:	2010-08
Authors:	Bushnell, James
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EEE published as <a href="http://www.nber.org/chapters/c12156">The Economics of Carbon Offsets</a>, James B. Bushnell. in <a href="http://www.nber.org/books/full10-1">The Design and Implementation of U.S. Climate Policy</a>, Fullerton and Wolfram. 2012 Number 16305
Classification:	H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; L5 - Regulation and Industrial Policy ; Q54 - Climate; Natural Disasters
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008533388